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http://www.Debt-Professor.com If you have debt, I can help you. Got to FreeDebtExam.com is you’re trying to figure out the best move for you. Go to Debt-Professor.com for anything else debt related.
Nonsense. You would … Nonsense. You would get collection letters and phone calls before and after the 180 days. There is no 180-day deadline for collection, and charging off the debt does not mean they have to stop collection efforts.
Another important … Another important point — each State has a Statute of Limitations on the collection of “unsecured debt” (credit card debt and any debt not secured with collateral). This is usually between 3 and 6 years, after which the lender cannot legally file a lawsuit against you any more. BUT IF YOU MAKE A PAYMENT, the Statute of Limitations begins again from the beginning. It counts from the LAST ACTIVITY on the account. SEE my channel….
Legally the longest … Legally the longest a credit card company can wait to charge an account off is 7 months past due. If they receive one payment in this supposed “180 days” which is really 7 months past due- they will charge off at the end of 7 months UNLESS they make a payment to pay the 1st months payment. The credit card company will HIRE representation in the cardholders state and persue the funds that way. aaron get your facts straight.
http://www.FreeDebtExam.com OR
March, 7th 2010 at 12:21 am
How about paying …
How about paying your bills?
March, 7th 2010 at 12:21 am
Nonsense. You would …
Nonsense. You would get collection letters and phone calls before and after the 180 days. There is no 180-day deadline for collection, and charging off the debt does not mean they have to stop collection efforts.
March, 7th 2010 at 12:21 am
How about you …
How about you having to sue the credit card company for DRASTICALLY reducing you credit line? It’s legal!!!!
March, 7th 2010 at 12:21 am
Another important …
Another important point — each State has a Statute of Limitations on the collection of “unsecured debt” (credit card debt and any debt not secured with collateral). This is usually between 3 and 6 years, after which the lender cannot legally file a lawsuit against you any more. BUT IF YOU MAKE A PAYMENT, the Statute of Limitations begins again from the beginning. It counts from the LAST ACTIVITY on the account. SEE my channel….
March, 7th 2010 at 12:21 am
Legally the longest …
Legally the longest a credit card company can wait to charge an account off is 7 months past due. If they receive one payment in this supposed “180 days” which is really 7 months past due- they will charge off at the end of 7 months UNLESS they make a payment to pay the 1st months payment. The credit card company will HIRE representation in the cardholders state and persue the funds that way. aaron get your facts straight.
March, 7th 2010 at 12:21 am
Venue and …
Venue and Jurisdiction.
March, 7th 2010 at 12:21 am
THANK YOU.
THANK YOU.